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Pate Inc. and Scone Incorporated's stock prices and dividends are shown below. Stock prices are reported for December 31 of each year, and dividends reflect

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Pate Inc. and Scone Incorporated's stock prices and dividends are shown below. Stock prices are reported for December 31 of each year, and dividends reflect those paid during the year Pate Inc. Scone Incorporated Year Stock Price 21.25 16.23 $25.75 $15.24 30.42 $25.75 Stock Price $24.45 $25.65 $21.07 $29.44 $19.75 $33.49 Dividend $1.10 $1.07 Dividend 3.00 $2.90 $2.75 $2.50 $2.25 $2.00 1999 2001 2002 2003 $0.97 Calculate the covariance estimate of the annual returns for the-whole sample period between Pate and Scone a-0541236 O b-0.107417 C.-0560502 O d.-0.220212 e. 0.2251

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